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Pebblebrook Hotel Trust PEB

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Stock XNYS Rating as of
$13.17 +0.14 (1.07%)
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Company Report

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Continued Occupancy and Margin Recovery Should Drive Pebblebrook's Growth Over Next Few Quarters

Kevin Brown

Pebblebrook Hotel Trust is the largest U.S. lodging REIT focused on owning independent and boutique hotels. After Pebblebrook merged with LaSalle Hotel Properties in December 2018, the company owns 47 upper-upscale hotels, with more than 12,100 rooms located in urban gateway markets. Pebblebrook's combined portfolio has a higher revenue per available room price point and EBITDA margin than its hotel REIT peers.

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Price vs Fair Value

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PEB is trading at a 53% discount.
Price
$13.04
Fair Value
$12.10
Uncertainty
High
1-Star Price
$81.21
5-Star Price
$75.50
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Potentially accelerating economic growth may prolong a robust hotel cycle and benefit Pebblebrook's portfolio and performance.

Bears

Significant new supply throughout several of Pebblebrook’s core markets and rising interest rates will pressure the firm’s performance and valuation.

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Trading Information

Previous Close Price
$13.03
Day Range
$12.97–13.19
52-Week Range
$11.40–16.96
Bid/Ask
$13.17 / $13.18
Market Cap
$1.59 Bil
Volume/Avg
249,580 / 1.9 Mil

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
1.15
Dividend Yield
0.31%
Dividend Yield (Forward)
0.31%
Total Yield
10.64%

Company Profile

Pebblebrook Hotel Trust currently owns upper-upscale and luxury hotels with 12,134 rooms across 47 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 U.S. hotels, in December 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
Sector
Real Estate
Industry
REIT - Hotel & Motel
Stock Style Box
Small Value
Total Number of Employees
58
Website
https://www.pebblebrookhotels.com

Competitors

Valuation

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Metric
PEB
HST
PK
Price/Earnings (Normalized)
 —18.0026.26
Price/Book Value
 0.551.810.78
Price/Sales
 1.152.391.19
Price/Cash Flow
 6.768.077.62
Price/Earnings
PEB
HST
PK

Financial Strength

Metric
PEB
HST
PK
Quick Ratio
 0.641.022.04
Current Ratio
 0.671.192.33
Interest Coverage
 0.294.990.69
Quick Ratio
PEB
HST
PK

Profitability

Metric
PEB
HST
PK
Return on Assets (Normalized)
 0.50%5.98%1.27%
Return on Equity (Normalized)
 1.04%10.71%2.89%
Return on Invested Capital (Normalized)
 1.92%7.14%3.22%
Return on Assets
PEB
HST
PK

REIT - Hotel & Motel Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
HST
Host Hotels & Resorts IncTrtq$12.4 Bil
RHP
Ryman Hospitality Properties IncPphh$6.0 Bil
APLE
Apple Hospitality REIT IncDpp$3.8 Bil
PK
Park Hotels & Resorts IncTdnlb$3.1 Bil
SHO
Sunstone Hotel Investors IncNvy$2.0 Bil
DRH
Diamondrock Hospitality CoYkv$1.8 Bil
RLJ
RLJ Lodging Trust Registered Shs of Benef InterestJrcy$1.6 Bil
XHR
Xenia Hotels & Resorts IncZvm$1.3 Bil
SVC
Service Properties TrustGnt$1.3 Bil